Lincoln Electric (NASDAQ: LECO) is an American multinational and a leading global manufacturer of welding products, arc welding equipments, welding consumables, plasma and oxy-fuel cutting equipments and robotic welding systems.
Globally headquartered in Euclid, Ohio, United States, Lincoln Electric has a worldwide network of distributors and sales offices covering more than 160 countries. It has 42 manufacturing locations in North America, Europe, Middle East, Asia and Latin America. It also operates manufacturing alliances and joint ventures in 19 countries.
Lincoln Electric's business model was listed as one of the most studied by the Harvard Business School and has been featured in many case studies by other business schools around the world. Since 1975, eight cases have been written about Lincoln Electric by the Harvard Business School alone.
The company reported over $ 2 billion sales in 2006 alone, with sales from North America accounting to 50% of it. Lincoln has over 8500+ employees globally and 3000 in the United States alone. Among Lincoln Electric's subsidiaries is The Harris Products Group, which is a significant manufacturer of Welding Consumables, Gas Apparatus, and other Specialty Products. The Harris Products Group has manufacturing facilities in Georgia, Ohio, California, Poland, Mexico, and Italy.
The company was founded in 1895 by John C. Lincoln with a capital investment of $200 to make electric motors he had designed.
In June 2011, Lincoln installed the largest wind turbine in Ohio and one of the largest in North America. At 443 feet, it has a capacity of 2.5 Megawatt.
Read more about Lincoln Electric: Locations, Lincoln Foundation and Lincoln Welding School
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